AnalyticsIndustrial Communication Market size to grow at a CAGR of 10.92% from 2022 to 2027, Growing adoption of IIoT technology to drive growth – Technavio
The industrial communication market is estimated to grow by USD 73.71 billion from 2022 to 2027. However, the growth momentum will progress at a CAGR of 10.92% during the forecast period. The market is segmented by product (Fieldbus, industrial ethernet, and wireless), type (component, software, and services), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The market share growth by the fieldbus segment will be significant for the market growth during the forecast period. Fieldbus is an industrial network system used for real-time distributed control. Various types of fieldbuses used...